SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) Sees Strong Trading Volume

SPDR Portfolio High Yield Bond ETF (NYSEARCA:SPHY) shares saw unusually-high trading volume on Wednesday . Approximately 2,749,254 shares traded hands during mid-day trading, an increase of 2% from the previous session’s volume of 2,689,100 shares.The stock last traded at $22.92 and had previously closed at $22.82.

SPDR Portfolio High Yield Bond ETF Stock Up 0.3 %

The company has a market capitalization of $4.13 billion, a P/E ratio of 3.93 and a beta of 0.33. The business has a fifty day moving average price of $23.29 and a 200 day moving average price of $22.99.

Institutional Investors Weigh In On SPDR Portfolio High Yield Bond ETF

Several institutional investors have recently bought and sold shares of the company. Ameriprise Financial Inc. grew its stake in SPDR Portfolio High Yield Bond ETF by 358.3% in the first quarter. Ameriprise Financial Inc. now owns 3,242,622 shares of the company’s stock valued at $74,541,000 after purchasing an additional 2,535,075 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in SPDR Portfolio High Yield Bond ETF by 63.6% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 797,796 shares of the company’s stock worth $17,887,000 after buying an additional 310,242 shares during the last quarter. One Capital Management LLC bought a new stake in SPDR Portfolio High Yield Bond ETF during the third quarter worth $15,541,000. Hilltop Partners LLC lifted its stake in SPDR Portfolio High Yield Bond ETF by 29.1% in the fourth quarter. Hilltop Partners LLC now owns 659,139 shares of the company’s stock valued at $15,411,000 after acquiring an additional 148,528 shares during the last quarter. Finally, Avior Wealth Management LLC grew its position in shares of SPDR Portfolio High Yield Bond ETF by 1,174.1% in the 4th quarter. Avior Wealth Management LLC now owns 222,415 shares of the company’s stock valued at $5,200,000 after acquiring an additional 204,959 shares during the period.

SPDR Portfolio High Yield Bond ETF Company Profile

The SPDR Portfolio High Yield Bond ETF (SPHY) is an exchange-traded fund that is based on the ICE BofA US High Yield index. The fund tracks an index that measures the performance of USD-denominated junk bonds. SPHY was launched on Jun 18, 2012 and is managed by State Street.